The head of Foxconn has reportedly said that he is confident that the group, which includes the Hon Hai unit busily making iPhones, will see its revenue grow by 15 per cent this year.

Terry Gou also said that the group was expecting to invest 10 times as much in the US in 2014, Reutersreported local media including the Commercial Times and Economic Daily as saying.

Hon Hai is planning to shift the manufacturing of 60-inch and 70-inch flatscreen TVs from Mexico to the US, Gou said, in a move that would hugely up its American investments from the current level of $40m.

Foxconn said last month that revenue for the three months ending in September had risen by 5.1 per cent to $30.7bn, while net profit lifted by 1.5 per cent to $1.04bn. ®